EU power, gas prices smashing records amid drought, EdF’s nuclear plant setback
Low water levels in major rivers disturb the operation of nuclear power plants and the transportation of coal
Drought to cost Montenegro’s EPCG utility EUR 100 million in third quarter
State-owned power producer EPCG said it would have to import 294 GWh of electricity in the three months through September due to drought
Climate change impacting wine, olive production in drought-stricken Italy
The Italian way of life is under threat, especially in the valley of the river Po, which turned into a creek due to the ongoing drought
Power system in North Macedonia suffers due to flood, drought
Due to the low water levels the country has decided to terminate the production in all hydropower plants, and to import electricity.
EPBiH not to pay dividends for 2017 as drought drives down profit
Shareholders of power utility Elektroprivreda BiH (EPBiH), majority owned by the Federation of Bosnia and Herzegovina (FBiH), do not stand to get dividends for 2017, when the company saw its net profit plunge to BAM 620,282 (approximately EUR 317,000), from BAM 12.9 million (around EUR 6.6 million) a year earlier. Under a decision to be […]
Albania forced to import 80 percent of electricity due to drought
Albania has to import around 80 percent of electricity to cover consumption due to the exceptionally dry period and high temperatures, according to the media. The Albanian Power Corporation (KESH) has signed a contract to import 434,000 MWh of electricity in order to secure power for the month of August. The contract is worth EUR […]
Albania launches procedure for electricity import due to drought
Albania has launched import procedure for 285,000 MWh of electricity for over one month period. The procedure was launched to overcome domestic production’s shortages provoked by the drought. Albania’s Energy Power Distribution Operator (OSHEE) announced on June 23 that it had launched import procedures for 285,000 MWh of electricity for the period from June 28 […]